Patent:

Patent is a form of intellectual property right. It protects the patentee's (the owner of a patent) interests for his invention.

A Patent is a set of exclusive rights granted by the government to a patentee for a fixed period of time in exchange for the regulated public disclosure of certain details of an invention: a device or a method,process or composition of matter which is new, inventive and useful , industrially useful or commercially exploitable.

The exclusive right granted to a pantentee is the right to prevent or exclude others from making using, selling, offering to sell or importing the claimed invention. The rights granted does not include the right to make, use or sell the invention themselves.

The patantee may have to comply with other laws and regulations.

Example: A pharmaceutical company that obtains a patent on a new drug has to obtain approval from regulatory bodies

Copyright: An Introduction

Copyright is one form of intellectual property right. It protects the rights of the author of "literary and artistic works".

What is a copy right?

When a person creates a literary, musical, dramatical, scientific or artistic work, he or she becomes the author of that work. This authorship gives him the freedom to decide on its use. The author of the work can control the destiny of the work. According to law, the work is protected by copyright from the moment it comes into existence, there is formality to be complied with such as registration with authorities. Mere ideas about work are not protected but they can be protected in crystallised in some concrete form such as about works. Copyright is a legal protection extended to the author of the rights in an original work that he has created.

Example:

• Author of a textbook or articles owns its copyright
• Lyricist own the copyright for lyrics such as film songs.

Definition of Copyright

Copyright is the exclusive right granted by law for certain number of years to make and dispose of and other wise to control copies of a literary, musical or artistic work.